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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,995,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Discover a rare investment gem in the heart of Ottawa – a newer, purpose-built fourplex offering super-spacious, fully occupied units that include two four-bedroom residences, one five-bedroom unit, and one six-bedroom unit, each equipped with their own in-unit laundry for tenant convenience. With three dedicated parking spots and a picturesque park situated just across, this property offers immediate rental income and future growth potential. Nestled in a prime location mere steps from Rideau Centre, the University of Ottawa, parks, and an array of attractions, this represents one of the city's most robust rental sectors. Don't miss your chance to explore this must-see investment property, which promises excellent returns in an unbeatable location. (id:39198)
Location
Province
Ontario
City
Ottawa
Address
460 Nelson Street
Postal Code
K1N7S8
Location Highlights
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Listed by
AVENUE NORTH REALTY INC. Ontario listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
0
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$2,995,000
Asking Price
$2,995,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
0
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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